For the fourth quarter Vardhman’s revenue rose 17 per cent. Net profit was up 10 per cent. For the full financial year Vardhman’s net profit rose 26 per cent. Sales were up ten per cent. Vardhman is a textile and apparel major. During the year, Vardhman also got into a strategic partnership with Future Group to develop affordable fashion apparel products. Vardhman is into manufacturing of high-end premium quality shirts for large retail brands Van Heusen, Benetton, Sisley, Color Plus, among many others.
Vardhman, which began operations in 1965, is engaged in the business of manufacturing yarn, fabric, acrylic fiber, garments, sewing threads and alloy steel. The group has over the years developed as a business conglomerate with a presence in India and in 75 countries across the globe. It is one of India’s largest textile manufacturers with a substantial market share. The company is a one-stop shop for all kinds of spun yarn offering a variety of contemporary blends and shades. Yarn constitutes the largest business at Vardhman. The company also manufactures organic cotton, melange, core spun yarns, ultra yarns, gassed mercerised, superfine yarns, slub and cellulose yarns and fancy yarns for hand knitting. The company is also expanding its total fabric capacity.